Wednesday, November 24, 2010

FBM KLCI down more than 10pts in early trade

KUALA LUMPUR: As expected, the FBM KLCI opened lower on Wednesday, Nov 24, down more than 10 points, dragged down by losses in bank stocks, as investors were concerned if the Korean conflict could escalate.

At 9.02am, the KLCI was down 10.22 points to 1,477.31. Turnover was 27.76 million shares valued at RM32.74 million. There were 33 gainers, 193 losers and 73 stocks unchanged.

IJM Corp fell the most, down 19 sen to RM5.50 following the proposed merger between IJM Land and MRCB.

Kulim extended its losses, down 18 sen to RM11.72 while PPB lost 14 sen to RM18.30 and Sime Darby shed 10 sen to RM8.60.

Among the banks, Public Bank fell 12 sen to RM12.70 and AMMB nine sen to RM6.22.

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